WEEKLY-3

Weekly Marketscope

▸With US Payrolls showing a significant disappointment at 38K last week, we expect the major theme for the upcoming week is further talk of a June rate hike by the FED now being off the table. This should leave the currency markets with further drops in the US dollar, unless FED Chairman Yellen can convince […]

Euro sign at European Central Bank headquarters in Frankfurt, Germany with dark dramatic clouds symbolizing a financial crisis

USD strength losing steam – EURUSD back above 1.12 pre ECB

Recently the macro figures coming from the US economy have been supportive of a near term rate increase, but the market got caught off guard yesterday as the Construction Spending came out significantly lower than expected. ISM and Markit manufacturing PMIs came out pointing in each direction, so we cannot conclude anything from that. However, […]

fed-building

Risk in positive ahead of US GDP, Fed Chair Yellen

Equities were mixed and the US Dollar Index was sent lower for a second day in a row on Thursday on back of mixed signals from the US economy. Oil tested the $50/barrel, but got rejected and is currently back below $49. Fixed income yields fell across the board with emphasis on the US. Gold […]

Missing piece from a European jigsaw puzzle revealing the British flag

Will UK GDP take the GBP to 2016 highs?

Risk taking was decent on Wednesday in both the EU and the US, on back of positive German IFO figures as well as a rise in oil prices, which recently has proved to trigger positive equity markets. Energy and Basic Materials led the gains with Transocean (+9.65%) and Chesapeake Energy (+7.41%) leading the S&P500. The […]

Dollar, euro, pound, yen signpost

JPY Bid on Strong Japanese GDP. FOMC Minutes in Focus Today

Despite upbeat figures from the US economy on Tuesday, markets closed in negative with leading indexes down around 1% (S&P -0.9%, Dow -1%, Nasdaq -1.3%). Fixed income yields were bought on back of renewed rate speculation in the US sending the US Dollar on the bid as we had anticipated. US Housing Starts, CPI and […]

Silvana

All eyes on BoE, UK Inflation Report

Following three days of decent gains in US and EU equities, markets were sent lower yesterday with US indices down around 1% on back of weak earnings from Disney and Macy’s which triggering concern that US consumers holding back on the spending. This made investors flee into safer havens and fixed income yields fell.  In […]